Ramada | $5 Million Revenue | 12.30% Cap Rate | 2101 Veterans Blvd
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Ramada | $5 Million Revenue | 12.30% Cap Rate 2101 Veterans Blvd
147 Room Hotel Del Rio, TX 78840 £10,876,055 (£73,987/Room) 12.30% Net Initial Yield
Investment Highlights
- Healthy Margins: 2023 Net Operating Income was 38% (62% Expense Load)
- No PIP and Turn-Key: Recently completed PIP in 2022
- Amistad Dam Remediation Project: $300 Million renovation project that will boost the economy and bring a workforce of 300
- USMCA: new law requiring products be made in US, Mexico, or Canada to be traded in US (China & Japan are establishing factories in Mexico)
- Demand Drivers: International Trade, Trump Reinforced Border Patrol, Amistad Lake, Laughlin Airforce Base, Del Rio Civic Center
- Interior & Exterior Corridor: 92 exterior keys & 55 interior keys
Executive Summary
Mitchell Glasson, Alfonso Garcia, and Ryan Sanchez are pleased to present the exclusive listing to acquire Ramada Del Rio, a proven hotel with interior and exterior corridors consistently grossing $4 million plus in hotel revenue offering guests and locals a fan-favorite restaurant & bar (White Horse Lounge). The hotel offers additional amenities including a swim-up pool bar, building dedicated to a modern gym with a sauna, conference center, and fully renovated and refreshed rooms per the PIP completed in 2022.
Del Rio, Texas, located across the Rio Grande from Ciudad Acuña, Mexico—a city with over 50,000 residents—is positioned for substantial, long-term growth with major projects in the works aimed at strengthening trade routes between the U.S. and Mexico. This momentum is driven by large companies engaged in infrastructure development and regional expansion efforts. Ciudad Acuña is a hub for automotive manufacturing, housing several factories that are vital to its economy. Notable companies in the area include Irvin Automotive Products, Bendix, Gentherm de Mexico, Caterpillar, RESCO Electronics, and Toter Incorporated, which generate a steady flow of business travel between Del Rio and Ciudad Acuña. One prominent industry player, General Motors, operates a significant assembly plant in the city, drawing frequent business travelers from Del Rio. Additionally, Bendix recently opened a new $57 million production facility, marking its fourth manufacturing plant in Ciudad Acuña.
Del Rio itself is a lively border town with deep cultural roots and is home to Laughlin Air Force Base, a key U.S. Air Force pilot training facility that enriches the local economy and community life. Known for its bilingual population and close ties with Ciudad Acuña, Del Rio embraces its heritage through events like the annual Fiesta de Amistad, which features parades, music, and traditional foods. Outdoor enthusiasts enjoy the nearby Lake Amistad National Recreation Area, popular for water activities, fishing, hiking, and birdwatching. Del Rio's economy is diverse, thriving in international trade, retail, and tourism, and is bolstered by its strategic location and institutions such as Laughlin Air Force Base and Sul Ross State University-Rio Grande College. These factors together enhance the city’s cultural and educational appeal, attracting both residents and visitors.
DEMAND DRIVERS: PRESENT & UPCOMING
(1) USMCA: a new law will require a significant percentage of products to be made in the USA, Mexico, or Canada in order to be traded in the U.S. As a result, companies from China and Japan are establishing factories on the Mexican side of the border to maintain their market access. This move will lead to increased industrial activity and more factories, ultimately benefiting the border region in the future.
(2) Trump Presidency: Increased federal officials at the border (group bookings)
(3) Lake Amistad Dam Project: $300 M renovation to an existing leisure Demand Driver that will bring tourists and 300 jobs to the market including drill rig operators, concrete plant operators, grout plant operators, local trades, and labor
(4) Del Rio International Airport: Commercial flights are expected to commence in 2025 after being postponed in 2022 due to pilot shortage
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 7522
Del Rio, Texas, located across the Rio Grande from Ciudad Acuña, Mexico—a city with over 50,000 residents—is positioned for substantial, long-term growth with major projects in the works aimed at strengthening trade routes between the U.S. and Mexico. This momentum is driven by large companies engaged in infrastructure development and regional expansion efforts. Ciudad Acuña is a hub for automotive manufacturing, housing several factories that are vital to its economy. Notable companies in the area include Irvin Automotive Products, Bendix, Gentherm de Mexico, Caterpillar, RESCO Electronics, and Toter Incorporated, which generate a steady flow of business travel between Del Rio and Ciudad Acuña. One prominent industry player, General Motors, operates a significant assembly plant in the city, drawing frequent business travelers from Del Rio. Additionally, Bendix recently opened a new $57 million production facility, marking its fourth manufacturing plant in Ciudad Acuña.
Del Rio itself is a lively border town with deep cultural roots and is home to Laughlin Air Force Base, a key U.S. Air Force pilot training facility that enriches the local economy and community life. Known for its bilingual population and close ties with Ciudad Acuña, Del Rio embraces its heritage through events like the annual Fiesta de Amistad, which features parades, music, and traditional foods. Outdoor enthusiasts enjoy the nearby Lake Amistad National Recreation Area, popular for water activities, fishing, hiking, and birdwatching. Del Rio's economy is diverse, thriving in international trade, retail, and tourism, and is bolstered by its strategic location and institutions such as Laughlin Air Force Base and Sul Ross State University-Rio Grande College. These factors together enhance the city’s cultural and educational appeal, attracting both residents and visitors.
DEMAND DRIVERS: PRESENT & UPCOMING
(1) USMCA: a new law will require a significant percentage of products to be made in the USA, Mexico, or Canada in order to be traded in the U.S. As a result, companies from China and Japan are establishing factories on the Mexican side of the border to maintain their market access. This move will lead to increased industrial activity and more factories, ultimately benefiting the border region in the future.
(2) Trump Presidency: Increased federal officials at the border (group bookings)
(3) Lake Amistad Dam Project: $300 M renovation to an existing leisure Demand Driver that will bring tourists and 300 jobs to the market including drill rig operators, concrete plant operators, grout plant operators, local trades, and labor
(4) Del Rio International Airport: Commercial flights are expected to commence in 2025 after being postponed in 2022 due to pilot shortage
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 7522
Property Facts
| Price | £10,876,055 | Lot Size | 7.56 AC |
| Price Per Room | £73,987 | Building Size | 242,062 SF |
| Sale Type | Investment | No. Rooms | 147 |
| Net Initial Yield | 12.30% | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1974/2022 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B |
| Price | £10,876,055 |
| Price Per Room | £73,987 |
| Sale Type | Investment |
| Net Initial Yield | 12.30% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.56 AC |
| Building Size | 242,062 SF |
| No. Rooms | 147 |
| Number of Floors | 2 |
| Year Built/Renovated | 1974/2022 |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- Shuttle Service
- On-Site Bar
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | £112.67 | - |
| Guest Room | 140 | £81.37 | - |
PROPERTY TAXES
| Parcel Number | 14580 | Improvements Assessment | £5,196,833 |
| Land Assessment | £1,870,863 | Total Assessment | £7,067,696 |
PROPERTY TAXES
Parcel Number
14580
Land Assessment
£1,870,863
Improvements Assessment
£5,196,833
Total Assessment
£7,067,696
zoning
| Zoning Code | COMM |
| COMM |
-
Mitchell Glasson -
Ryan Kawai Sanchez -
Alfonso Garcia -
Matthews Real Estate Investment Services
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Ramada | $5 Million Revenue | 12.30% Cap Rate | 2101 Veterans Blvd
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